\n

While the timing could shift based on major economies' CBDC releases, being an early mover would bolster SWIFT's global dominance in bank messaging and payments. The firm's existing network spans over 200 countries and 11,500 financial institutions exchanging trillions daily.<\/p>\n\n\n\n

Looking ahead, CBDC integration is just one aspect of SWIFT's digital asset strategy. Forecasts suggest $16 trillion in tokenized assets like stocks and bonds by 2030. SWIFT's interlink solution could provide banks with a single global connection point for digital asset payments versus countless bilateral links. As CBDCs and asset tokenization accelerate, SWIFT is positioning itself as an interoperable bridge between the traditional and decentralized financial worlds.<\/p>\n","post_title":"SWIFT Eyes Integration Of Central Bank Digital Currencies Worldwide","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"swift-eyes-integration-of-central-bank-digital-currencies-worldwide","to_ping":"","pinged":"","post_modified":"2024-03-28 23:03:46","post_modified_gmt":"2024-03-28 12:03:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16036","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 4 5 6 7 8 10

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

A recent 6-month trial by SWIFT, which included 38 members such as central banks, commercial banks, and settlement platforms, successfully demonstrated these CBDC integration capabilities using existing banking infrastructure. Nick Kerigan, SWIFT's head of innovation, stated the results were widely viewed as a success, paving the way for an official product launch soon.<\/p>\n\n\n\n

While the timing could shift based on major economies' CBDC releases, being an early mover would bolster SWIFT's global dominance in bank messaging and payments. The firm's existing network spans over 200 countries and 11,500 financial institutions exchanging trillions daily.<\/p>\n\n\n\n

Looking ahead, CBDC integration is just one aspect of SWIFT's digital asset strategy. Forecasts suggest $16 trillion in tokenized assets like stocks and bonds by 2030. SWIFT's interlink solution could provide banks with a single global connection point for digital asset payments versus countless bilateral links. As CBDCs and asset tokenization accelerate, SWIFT is positioning itself as an interoperable bridge between the traditional and decentralized financial worlds.<\/p>\n","post_title":"SWIFT Eyes Integration Of Central Bank Digital Currencies Worldwide","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"swift-eyes-integration-of-central-bank-digital-currencies-worldwide","to_ping":"","pinged":"","post_modified":"2024-03-28 23:03:46","post_modified_gmt":"2024-03-28 12:03:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16036","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 4 5 6 7 8 10

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

SWIFT's Trial For Product Launch<\/h2>\n\n\n\n

A recent 6-month trial by SWIFT, which included 38 members such as central banks, commercial banks, and settlement platforms, successfully demonstrated these CBDC integration capabilities using existing banking infrastructure. Nick Kerigan, SWIFT's head of innovation, stated the results were widely viewed as a success, paving the way for an official product launch soon.<\/p>\n\n\n\n

While the timing could shift based on major economies' CBDC releases, being an early mover would bolster SWIFT's global dominance in bank messaging and payments. The firm's existing network spans over 200 countries and 11,500 financial institutions exchanging trillions daily.<\/p>\n\n\n\n

Looking ahead, CBDC integration is just one aspect of SWIFT's digital asset strategy. Forecasts suggest $16 trillion in tokenized assets like stocks and bonds by 2030. SWIFT's interlink solution could provide banks with a single global connection point for digital asset payments versus countless bilateral links. As CBDCs and asset tokenization accelerate, SWIFT is positioning itself as an interoperable bridge between the traditional and decentralized financial worlds.<\/p>\n","post_title":"SWIFT Eyes Integration Of Central Bank Digital Currencies Worldwide","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"swift-eyes-integration-of-central-bank-digital-currencies-worldwide","to_ping":"","pinged":"","post_modified":"2024-03-28 23:03:46","post_modified_gmt":"2024-03-28 12:03:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16036","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 4 5 6 7 8 10

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

See Related:<\/em><\/strong> FTX's Former CEO Sam Bankman Fried To Skip Second Trial<\/a><\/p>\n\n\n\n

SWIFT's Trial For Product Launch<\/h2>\n\n\n\n

A recent 6-month trial by SWIFT, which included 38 members such as central banks, commercial banks, and settlement platforms, successfully demonstrated these CBDC integration capabilities using existing banking infrastructure. Nick Kerigan, SWIFT's head of innovation, stated the results were widely viewed as a success, paving the way for an official product launch soon.<\/p>\n\n\n\n

While the timing could shift based on major economies' CBDC releases, being an early mover would bolster SWIFT's global dominance in bank messaging and payments. The firm's existing network spans over 200 countries and 11,500 financial institutions exchanging trillions daily.<\/p>\n\n\n\n

Looking ahead, CBDC integration is just one aspect of SWIFT's digital asset strategy. Forecasts suggest $16 trillion in tokenized assets like stocks and bonds by 2030. SWIFT's interlink solution could provide banks with a single global connection point for digital asset payments versus countless bilateral links. As CBDCs and asset tokenization accelerate, SWIFT is positioning itself as an interoperable bridge between the traditional and decentralized financial worlds.<\/p>\n","post_title":"SWIFT Eyes Integration Of Central Bank Digital Currencies Worldwide","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"swift-eyes-integration-of-central-bank-digital-currencies-worldwide","to_ping":"","pinged":"","post_modified":"2024-03-28 23:03:46","post_modified_gmt":"2024-03-28 12:03:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16036","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 4 5 6 7 8 10

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

SWIFT's<\/a> upcoming platform aims to ensure interoperability between different countries' CBDCs, even if built on diverse underlying protocols. This interconnectivity would reduce potential payment system fragmentation risks. The platform would also enable CBDCs to be used for complex transactions like international trade settlements and foreign exchange in an automated fashion.<\/p>\n\n\n\n

See Related:<\/em><\/strong> FTX's Former CEO Sam Bankman Fried To Skip Second Trial<\/a><\/p>\n\n\n\n

SWIFT's Trial For Product Launch<\/h2>\n\n\n\n

A recent 6-month trial by SWIFT, which included 38 members such as central banks, commercial banks, and settlement platforms, successfully demonstrated these CBDC integration capabilities using existing banking infrastructure. Nick Kerigan, SWIFT's head of innovation, stated the results were widely viewed as a success, paving the way for an official product launch soon.<\/p>\n\n\n\n

While the timing could shift based on major economies' CBDC releases, being an early mover would bolster SWIFT's global dominance in bank messaging and payments. The firm's existing network spans over 200 countries and 11,500 financial institutions exchanging trillions daily.<\/p>\n\n\n\n

Looking ahead, CBDC integration is just one aspect of SWIFT's digital asset strategy. Forecasts suggest $16 trillion in tokenized assets like stocks and bonds by 2030. SWIFT's interlink solution could provide banks with a single global connection point for digital asset payments versus countless bilateral links. As CBDCs and asset tokenization accelerate, SWIFT is positioning itself as an interoperable bridge between the traditional and decentralized financial worlds.<\/p>\n","post_title":"SWIFT Eyes Integration Of Central Bank Digital Currencies Worldwide","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"swift-eyes-integration-of-central-bank-digital-currencies-worldwide","to_ping":"","pinged":"","post_modified":"2024-03-28 23:03:46","post_modified_gmt":"2024-03-28 12:03:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16036","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 4 5 6 7 8 10

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Around 90% of the world's central banks are now exploring digital versions of their currencies. While motivations vary, a common driver is avoiding being left behind by cryptocurrencies like Bitcoin. However, technological hurdles remain for full-scale CBDC rollouts.<\/p>\n\n\n\n

SWIFT's<\/a> upcoming platform aims to ensure interoperability between different countries' CBDCs, even if built on diverse underlying protocols. This interconnectivity would reduce potential payment system fragmentation risks. The platform would also enable CBDCs to be used for complex transactions like international trade settlements and foreign exchange in an automated fashion.<\/p>\n\n\n\n

See Related:<\/em><\/strong> FTX's Former CEO Sam Bankman Fried To Skip Second Trial<\/a><\/p>\n\n\n\n

SWIFT's Trial For Product Launch<\/h2>\n\n\n\n

A recent 6-month trial by SWIFT, which included 38 members such as central banks, commercial banks, and settlement platforms, successfully demonstrated these CBDC integration capabilities using existing banking infrastructure. Nick Kerigan, SWIFT's head of innovation, stated the results were widely viewed as a success, paving the way for an official product launch soon.<\/p>\n\n\n\n

While the timing could shift based on major economies' CBDC releases, being an early mover would bolster SWIFT's global dominance in bank messaging and payments. The firm's existing network spans over 200 countries and 11,500 financial institutions exchanging trillions daily.<\/p>\n\n\n\n

Looking ahead, CBDC integration is just one aspect of SWIFT's digital asset strategy. Forecasts suggest $16 trillion in tokenized assets like stocks and bonds by 2030. SWIFT's interlink solution could provide banks with a single global connection point for digital asset payments versus countless bilateral links. As CBDCs and asset tokenization accelerate, SWIFT is positioning itself as an interoperable bridge between the traditional and decentralized financial worlds.<\/p>\n","post_title":"SWIFT Eyes Integration Of Central Bank Digital Currencies Worldwide","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"swift-eyes-integration-of-central-bank-digital-currencies-worldwide","to_ping":"","pinged":"","post_modified":"2024-03-28 23:03:46","post_modified_gmt":"2024-03-28 12:03:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16036","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 4 5 6 7 8 10

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The financial messaging giant SWIFT is preparing to launch a new platform within the next 12-24 months to connect central bank digital currencies (CBDCs) to the existing global payments system. This significant move acknowledges the rapid development of CBDCs globally and SWIFT's desire to integrate them seamlessly.<\/p>\n\n\n\n

Around 90% of the world's central banks are now exploring digital versions of their currencies. While motivations vary, a common driver is avoiding being left behind by cryptocurrencies like Bitcoin. However, technological hurdles remain for full-scale CBDC rollouts.<\/p>\n\n\n\n

SWIFT's<\/a> upcoming platform aims to ensure interoperability between different countries' CBDCs, even if built on diverse underlying protocols. This interconnectivity would reduce potential payment system fragmentation risks. The platform would also enable CBDCs to be used for complex transactions like international trade settlements and foreign exchange in an automated fashion.<\/p>\n\n\n\n

See Related:<\/em><\/strong> FTX's Former CEO Sam Bankman Fried To Skip Second Trial<\/a><\/p>\n\n\n\n

SWIFT's Trial For Product Launch<\/h2>\n\n\n\n

A recent 6-month trial by SWIFT, which included 38 members such as central banks, commercial banks, and settlement platforms, successfully demonstrated these CBDC integration capabilities using existing banking infrastructure. Nick Kerigan, SWIFT's head of innovation, stated the results were widely viewed as a success, paving the way for an official product launch soon.<\/p>\n\n\n\n

While the timing could shift based on major economies' CBDC releases, being an early mover would bolster SWIFT's global dominance in bank messaging and payments. The firm's existing network spans over 200 countries and 11,500 financial institutions exchanging trillions daily.<\/p>\n\n\n\n

Looking ahead, CBDC integration is just one aspect of SWIFT's digital asset strategy. Forecasts suggest $16 trillion in tokenized assets like stocks and bonds by 2030. SWIFT's interlink solution could provide banks with a single global connection point for digital asset payments versus countless bilateral links. As CBDCs and asset tokenization accelerate, SWIFT is positioning itself as an interoperable bridge between the traditional and decentralized financial worlds.<\/p>\n","post_title":"SWIFT Eyes Integration Of Central Bank Digital Currencies Worldwide","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"swift-eyes-integration-of-central-bank-digital-currencies-worldwide","to_ping":"","pinged":"","post_modified":"2024-03-28 23:03:46","post_modified_gmt":"2024-03-28 12:03:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16036","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 4 5 6 7 8 10

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

However, if bulls drive Ethereum's price over $3,610 and the daily candlestick closes above this level, which corresponds to the 50% Fibonacci level, the bearish outlook may be disproved. In such a circumstance, the altcoin might approach the year-to-date top and the weekly resistance at $4,020, representing a nearly 14% increase from current prices.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Signals To Hold Above $70K This Week, ETH Remains Withing A Rising Trend Channel Targeting $4K","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-signals-to-hold-above-70k-this-week-eth-remains-withing-a-rising-trend-channel-targeting-4k","to_ping":"","pinged":"","post_modified":"2024-03-31 23:28:16","post_modified_gmt":"2024-03-31 12:28:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16152","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16036,"post_author":"18","post_date":"2024-03-28 23:02:48","post_date_gmt":"2024-03-28 12:02:48","post_content":"\n

The financial messaging giant SWIFT is preparing to launch a new platform within the next 12-24 months to connect central bank digital currencies (CBDCs) to the existing global payments system. This significant move acknowledges the rapid development of CBDCs globally and SWIFT's desire to integrate them seamlessly.<\/p>\n\n\n\n

Around 90% of the world's central banks are now exploring digital versions of their currencies. While motivations vary, a common driver is avoiding being left behind by cryptocurrencies like Bitcoin. However, technological hurdles remain for full-scale CBDC rollouts.<\/p>\n\n\n\n

SWIFT's<\/a> upcoming platform aims to ensure interoperability between different countries' CBDCs, even if built on diverse underlying protocols. This interconnectivity would reduce potential payment system fragmentation risks. The platform would also enable CBDCs to be used for complex transactions like international trade settlements and foreign exchange in an automated fashion.<\/p>\n\n\n\n

See Related:<\/em><\/strong> FTX's Former CEO Sam Bankman Fried To Skip Second Trial<\/a><\/p>\n\n\n\n

SWIFT's Trial For Product Launch<\/h2>\n\n\n\n

A recent 6-month trial by SWIFT, which included 38 members such as central banks, commercial banks, and settlement platforms, successfully demonstrated these CBDC integration capabilities using existing banking infrastructure. Nick Kerigan, SWIFT's head of innovation, stated the results were widely viewed as a success, paving the way for an official product launch soon.<\/p>\n\n\n\n

While the timing could shift based on major economies' CBDC releases, being an early mover would bolster SWIFT's global dominance in bank messaging and payments. The firm's existing network spans over 200 countries and 11,500 financial institutions exchanging trillions daily.<\/p>\n\n\n\n

Looking ahead, CBDC integration is just one aspect of SWIFT's digital asset strategy. Forecasts suggest $16 trillion in tokenized assets like stocks and bonds by 2030. SWIFT's interlink solution could provide banks with a single global connection point for digital asset payments versus countless bilateral links. As CBDCs and asset tokenization accelerate, SWIFT is positioning itself as an interoperable bridge between the traditional and decentralized financial worlds.<\/p>\n","post_title":"SWIFT Eyes Integration Of Central Bank Digital Currencies Worldwide","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"swift-eyes-integration-of-central-bank-digital-currencies-worldwide","to_ping":"","pinged":"","post_modified":"2024-03-28 23:03:46","post_modified_gmt":"2024-03-28 12:03:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16036","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 4 5 6 7 8 10

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

On the downside, Ethereum's price may return to $3,200 and regain liquidity before continuing its upward trend. This is heavily reliant on Bitcoin price behavior, as the two coins are strongly correlated: if BTC falls below $70K and shows further weakness, ETH may also experience a correction.<\/p>\n\n\n\n

However, if bulls drive Ethereum's price over $3,610 and the daily candlestick closes above this level, which corresponds to the 50% Fibonacci level, the bearish outlook may be disproved. In such a circumstance, the altcoin might approach the year-to-date top and the weekly resistance at $4,020, representing a nearly 14% increase from current prices.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Signals To Hold Above $70K This Week, ETH Remains Withing A Rising Trend Channel Targeting $4K","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-signals-to-hold-above-70k-this-week-eth-remains-withing-a-rising-trend-channel-targeting-4k","to_ping":"","pinged":"","post_modified":"2024-03-31 23:28:16","post_modified_gmt":"2024-03-31 12:28:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16152","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16036,"post_author":"18","post_date":"2024-03-28 23:02:48","post_date_gmt":"2024-03-28 12:02:48","post_content":"\n

The financial messaging giant SWIFT is preparing to launch a new platform within the next 12-24 months to connect central bank digital currencies (CBDCs) to the existing global payments system. This significant move acknowledges the rapid development of CBDCs globally and SWIFT's desire to integrate them seamlessly.<\/p>\n\n\n\n

Around 90% of the world's central banks are now exploring digital versions of their currencies. While motivations vary, a common driver is avoiding being left behind by cryptocurrencies like Bitcoin. However, technological hurdles remain for full-scale CBDC rollouts.<\/p>\n\n\n\n

SWIFT's<\/a> upcoming platform aims to ensure interoperability between different countries' CBDCs, even if built on diverse underlying protocols. This interconnectivity would reduce potential payment system fragmentation risks. The platform would also enable CBDCs to be used for complex transactions like international trade settlements and foreign exchange in an automated fashion.<\/p>\n\n\n\n

See Related:<\/em><\/strong> FTX's Former CEO Sam Bankman Fried To Skip Second Trial<\/a><\/p>\n\n\n\n

SWIFT's Trial For Product Launch<\/h2>\n\n\n\n

A recent 6-month trial by SWIFT, which included 38 members such as central banks, commercial banks, and settlement platforms, successfully demonstrated these CBDC integration capabilities using existing banking infrastructure. Nick Kerigan, SWIFT's head of innovation, stated the results were widely viewed as a success, paving the way for an official product launch soon.<\/p>\n\n\n\n

While the timing could shift based on major economies' CBDC releases, being an early mover would bolster SWIFT's global dominance in bank messaging and payments. The firm's existing network spans over 200 countries and 11,500 financial institutions exchanging trillions daily.<\/p>\n\n\n\n

Looking ahead, CBDC integration is just one aspect of SWIFT's digital asset strategy. Forecasts suggest $16 trillion in tokenized assets like stocks and bonds by 2030. SWIFT's interlink solution could provide banks with a single global connection point for digital asset payments versus countless bilateral links. As CBDCs and asset tokenization accelerate, SWIFT is positioning itself as an interoperable bridge between the traditional and decentralized financial worlds.<\/p>\n","post_title":"SWIFT Eyes Integration Of Central Bank Digital Currencies Worldwide","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"swift-eyes-integration-of-central-bank-digital-currencies-worldwide","to_ping":"","pinged":"","post_modified":"2024-03-28 23:03:46","post_modified_gmt":"2024-03-28 12:03:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16036","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 4 5 6 7 8 10

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The Ethereum price is now drifting just below $3,700 as the cryptocurrency world awaits the SEC's verdict on whether ETH is a security. However, the price holding above the current resistance at $3,610 indicates it still holds the bullish momentum.<\/p>\n\n\n\n

On the downside, Ethereum's price may return to $3,200 and regain liquidity before continuing its upward trend. This is heavily reliant on Bitcoin price behavior, as the two coins are strongly correlated: if BTC falls below $70K and shows further weakness, ETH may also experience a correction.<\/p>\n\n\n\n

However, if bulls drive Ethereum's price over $3,610 and the daily candlestick closes above this level, which corresponds to the 50% Fibonacci level, the bearish outlook may be disproved. In such a circumstance, the altcoin might approach the year-to-date top and the weekly resistance at $4,020, representing a nearly 14% increase from current prices.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Signals To Hold Above $70K This Week, ETH Remains Withing A Rising Trend Channel Targeting $4K","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-signals-to-hold-above-70k-this-week-eth-remains-withing-a-rising-trend-channel-targeting-4k","to_ping":"","pinged":"","post_modified":"2024-03-31 23:28:16","post_modified_gmt":"2024-03-31 12:28:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16152","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16036,"post_author":"18","post_date":"2024-03-28 23:02:48","post_date_gmt":"2024-03-28 12:02:48","post_content":"\n

The financial messaging giant SWIFT is preparing to launch a new platform within the next 12-24 months to connect central bank digital currencies (CBDCs) to the existing global payments system. This significant move acknowledges the rapid development of CBDCs globally and SWIFT's desire to integrate them seamlessly.<\/p>\n\n\n\n

Around 90% of the world's central banks are now exploring digital versions of their currencies. While motivations vary, a common driver is avoiding being left behind by cryptocurrencies like Bitcoin. However, technological hurdles remain for full-scale CBDC rollouts.<\/p>\n\n\n\n

SWIFT's<\/a> upcoming platform aims to ensure interoperability between different countries' CBDCs, even if built on diverse underlying protocols. This interconnectivity would reduce potential payment system fragmentation risks. The platform would also enable CBDCs to be used for complex transactions like international trade settlements and foreign exchange in an automated fashion.<\/p>\n\n\n\n

See Related:<\/em><\/strong> FTX's Former CEO Sam Bankman Fried To Skip Second Trial<\/a><\/p>\n\n\n\n

SWIFT's Trial For Product Launch<\/h2>\n\n\n\n

A recent 6-month trial by SWIFT, which included 38 members such as central banks, commercial banks, and settlement platforms, successfully demonstrated these CBDC integration capabilities using existing banking infrastructure. Nick Kerigan, SWIFT's head of innovation, stated the results were widely viewed as a success, paving the way for an official product launch soon.<\/p>\n\n\n\n

While the timing could shift based on major economies' CBDC releases, being an early mover would bolster SWIFT's global dominance in bank messaging and payments. The firm's existing network spans over 200 countries and 11,500 financial institutions exchanging trillions daily.<\/p>\n\n\n\n

Looking ahead, CBDC integration is just one aspect of SWIFT's digital asset strategy. Forecasts suggest $16 trillion in tokenized assets like stocks and bonds by 2030. SWIFT's interlink solution could provide banks with a single global connection point for digital asset payments versus countless bilateral links. As CBDCs and asset tokenization accelerate, SWIFT is positioning itself as an interoperable bridge between the traditional and decentralized financial worlds.<\/p>\n","post_title":"SWIFT Eyes Integration Of Central Bank Digital Currencies Worldwide","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"swift-eyes-integration-of-central-bank-digital-currencies-worldwide","to_ping":"","pinged":"","post_modified":"2024-03-28 23:03:46","post_modified_gmt":"2024-03-28 12:03:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16036","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 4 5 6 7 8 10

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n
\"\"
ETH\/USD<\/a> has every possibility to retest the $4K level as long as the price survives above $3.6K. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

The Ethereum price is now drifting just below $3,700 as the cryptocurrency world awaits the SEC's verdict on whether ETH is a security. However, the price holding above the current resistance at $3,610 indicates it still holds the bullish momentum.<\/p>\n\n\n\n

On the downside, Ethereum's price may return to $3,200 and regain liquidity before continuing its upward trend. This is heavily reliant on Bitcoin price behavior, as the two coins are strongly correlated: if BTC falls below $70K and shows further weakness, ETH may also experience a correction.<\/p>\n\n\n\n

However, if bulls drive Ethereum's price over $3,610 and the daily candlestick closes above this level, which corresponds to the 50% Fibonacci level, the bearish outlook may be disproved. In such a circumstance, the altcoin might approach the year-to-date top and the weekly resistance at $4,020, representing a nearly 14% increase from current prices.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Signals To Hold Above $70K This Week, ETH Remains Withing A Rising Trend Channel Targeting $4K","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-signals-to-hold-above-70k-this-week-eth-remains-withing-a-rising-trend-channel-targeting-4k","to_ping":"","pinged":"","post_modified":"2024-03-31 23:28:16","post_modified_gmt":"2024-03-31 12:28:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16152","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16036,"post_author":"18","post_date":"2024-03-28 23:02:48","post_date_gmt":"2024-03-28 12:02:48","post_content":"\n

The financial messaging giant SWIFT is preparing to launch a new platform within the next 12-24 months to connect central bank digital currencies (CBDCs) to the existing global payments system. This significant move acknowledges the rapid development of CBDCs globally and SWIFT's desire to integrate them seamlessly.<\/p>\n\n\n\n

Around 90% of the world's central banks are now exploring digital versions of their currencies. While motivations vary, a common driver is avoiding being left behind by cryptocurrencies like Bitcoin. However, technological hurdles remain for full-scale CBDC rollouts.<\/p>\n\n\n\n

SWIFT's<\/a> upcoming platform aims to ensure interoperability between different countries' CBDCs, even if built on diverse underlying protocols. This interconnectivity would reduce potential payment system fragmentation risks. The platform would also enable CBDCs to be used for complex transactions like international trade settlements and foreign exchange in an automated fashion.<\/p>\n\n\n\n

See Related:<\/em><\/strong> FTX's Former CEO Sam Bankman Fried To Skip Second Trial<\/a><\/p>\n\n\n\n

SWIFT's Trial For Product Launch<\/h2>\n\n\n\n

A recent 6-month trial by SWIFT, which included 38 members such as central banks, commercial banks, and settlement platforms, successfully demonstrated these CBDC integration capabilities using existing banking infrastructure. Nick Kerigan, SWIFT's head of innovation, stated the results were widely viewed as a success, paving the way for an official product launch soon.<\/p>\n\n\n\n

While the timing could shift based on major economies' CBDC releases, being an early mover would bolster SWIFT's global dominance in bank messaging and payments. The firm's existing network spans over 200 countries and 11,500 financial institutions exchanging trillions daily.<\/p>\n\n\n\n

Looking ahead, CBDC integration is just one aspect of SWIFT's digital asset strategy. Forecasts suggest $16 trillion in tokenized assets like stocks and bonds by 2030. SWIFT's interlink solution could provide banks with a single global connection point for digital asset payments versus countless bilateral links. As CBDCs and asset tokenization accelerate, SWIFT is positioning itself as an interoperable bridge between the traditional and decentralized financial worlds.<\/p>\n","post_title":"SWIFT Eyes Integration Of Central Bank Digital Currencies Worldwide","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"swift-eyes-integration-of-central-bank-digital-currencies-worldwide","to_ping":"","pinged":"","post_modified":"2024-03-28 23:03:46","post_modified_gmt":"2024-03-28 12:03:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16036","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 4 5 6 7 8 10

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

<\/a>Ethereum Technical Analysis \u2013 ETH\/USD Daily Chart<\/h2>\n\n\n\n
\"\"
ETH\/USD<\/a> has every possibility to retest the $4K level as long as the price survives above $3.6K. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

The Ethereum price is now drifting just below $3,700 as the cryptocurrency world awaits the SEC's verdict on whether ETH is a security. However, the price holding above the current resistance at $3,610 indicates it still holds the bullish momentum.<\/p>\n\n\n\n

On the downside, Ethereum's price may return to $3,200 and regain liquidity before continuing its upward trend. This is heavily reliant on Bitcoin price behavior, as the two coins are strongly correlated: if BTC falls below $70K and shows further weakness, ETH may also experience a correction.<\/p>\n\n\n\n

However, if bulls drive Ethereum's price over $3,610 and the daily candlestick closes above this level, which corresponds to the 50% Fibonacci level, the bearish outlook may be disproved. In such a circumstance, the altcoin might approach the year-to-date top and the weekly resistance at $4,020, representing a nearly 14% increase from current prices.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Signals To Hold Above $70K This Week, ETH Remains Withing A Rising Trend Channel Targeting $4K","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-signals-to-hold-above-70k-this-week-eth-remains-withing-a-rising-trend-channel-targeting-4k","to_ping":"","pinged":"","post_modified":"2024-03-31 23:28:16","post_modified_gmt":"2024-03-31 12:28:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16152","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16036,"post_author":"18","post_date":"2024-03-28 23:02:48","post_date_gmt":"2024-03-28 12:02:48","post_content":"\n

The financial messaging giant SWIFT is preparing to launch a new platform within the next 12-24 months to connect central bank digital currencies (CBDCs) to the existing global payments system. This significant move acknowledges the rapid development of CBDCs globally and SWIFT's desire to integrate them seamlessly.<\/p>\n\n\n\n

Around 90% of the world's central banks are now exploring digital versions of their currencies. While motivations vary, a common driver is avoiding being left behind by cryptocurrencies like Bitcoin. However, technological hurdles remain for full-scale CBDC rollouts.<\/p>\n\n\n\n

SWIFT's<\/a> upcoming platform aims to ensure interoperability between different countries' CBDCs, even if built on diverse underlying protocols. This interconnectivity would reduce potential payment system fragmentation risks. The platform would also enable CBDCs to be used for complex transactions like international trade settlements and foreign exchange in an automated fashion.<\/p>\n\n\n\n

See Related:<\/em><\/strong> FTX's Former CEO Sam Bankman Fried To Skip Second Trial<\/a><\/p>\n\n\n\n

SWIFT's Trial For Product Launch<\/h2>\n\n\n\n

A recent 6-month trial by SWIFT, which included 38 members such as central banks, commercial banks, and settlement platforms, successfully demonstrated these CBDC integration capabilities using existing banking infrastructure. Nick Kerigan, SWIFT's head of innovation, stated the results were widely viewed as a success, paving the way for an official product launch soon.<\/p>\n\n\n\n

While the timing could shift based on major economies' CBDC releases, being an early mover would bolster SWIFT's global dominance in bank messaging and payments. The firm's existing network spans over 200 countries and 11,500 financial institutions exchanging trillions daily.<\/p>\n\n\n\n

Looking ahead, CBDC integration is just one aspect of SWIFT's digital asset strategy. Forecasts suggest $16 trillion in tokenized assets like stocks and bonds by 2030. SWIFT's interlink solution could provide banks with a single global connection point for digital asset payments versus countless bilateral links. As CBDCs and asset tokenization accelerate, SWIFT is positioning itself as an interoperable bridge between the traditional and decentralized financial worlds.<\/p>\n","post_title":"SWIFT Eyes Integration Of Central Bank Digital Currencies Worldwide","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"swift-eyes-integration-of-central-bank-digital-currencies-worldwide","to_ping":"","pinged":"","post_modified":"2024-03-28 23:03:46","post_modified_gmt":"2024-03-28 12:03:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16036","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 4 5 6 7 8 10

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n
  • ETH might pull back near the $3,324 - $3,200 zone if the price fails to sustain above $3.5K support.<\/li>\n<\/ul>\n\n\n\n

    <\/a>Ethereum Technical Analysis \u2013 ETH\/USD Daily Chart<\/h2>\n\n\n\n
    \"\"
    ETH\/USD<\/a> has every possibility to retest the $4K level as long as the price survives above $3.6K. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

    The Ethereum price is now drifting just below $3,700 as the cryptocurrency world awaits the SEC's verdict on whether ETH is a security. However, the price holding above the current resistance at $3,610 indicates it still holds the bullish momentum.<\/p>\n\n\n\n

    On the downside, Ethereum's price may return to $3,200 and regain liquidity before continuing its upward trend. This is heavily reliant on Bitcoin price behavior, as the two coins are strongly correlated: if BTC falls below $70K and shows further weakness, ETH may also experience a correction.<\/p>\n\n\n\n

    However, if bulls drive Ethereum's price over $3,610 and the daily candlestick closes above this level, which corresponds to the 50% Fibonacci level, the bearish outlook may be disproved. In such a circumstance, the altcoin might approach the year-to-date top and the weekly resistance at $4,020, representing a nearly 14% increase from current prices.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Signals To Hold Above $70K This Week, ETH Remains Withing A Rising Trend Channel Targeting $4K","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-signals-to-hold-above-70k-this-week-eth-remains-withing-a-rising-trend-channel-targeting-4k","to_ping":"","pinged":"","post_modified":"2024-03-31 23:28:16","post_modified_gmt":"2024-03-31 12:28:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16152","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16036,"post_author":"18","post_date":"2024-03-28 23:02:48","post_date_gmt":"2024-03-28 12:02:48","post_content":"\n

    The financial messaging giant SWIFT is preparing to launch a new platform within the next 12-24 months to connect central bank digital currencies (CBDCs) to the existing global payments system. This significant move acknowledges the rapid development of CBDCs globally and SWIFT's desire to integrate them seamlessly.<\/p>\n\n\n\n

    Around 90% of the world's central banks are now exploring digital versions of their currencies. While motivations vary, a common driver is avoiding being left behind by cryptocurrencies like Bitcoin. However, technological hurdles remain for full-scale CBDC rollouts.<\/p>\n\n\n\n

    SWIFT's<\/a> upcoming platform aims to ensure interoperability between different countries' CBDCs, even if built on diverse underlying protocols. This interconnectivity would reduce potential payment system fragmentation risks. The platform would also enable CBDCs to be used for complex transactions like international trade settlements and foreign exchange in an automated fashion.<\/p>\n\n\n\n

    See Related:<\/em><\/strong> FTX's Former CEO Sam Bankman Fried To Skip Second Trial<\/a><\/p>\n\n\n\n

    SWIFT's Trial For Product Launch<\/h2>\n\n\n\n

    A recent 6-month trial by SWIFT, which included 38 members such as central banks, commercial banks, and settlement platforms, successfully demonstrated these CBDC integration capabilities using existing banking infrastructure. Nick Kerigan, SWIFT's head of innovation, stated the results were widely viewed as a success, paving the way for an official product launch soon.<\/p>\n\n\n\n

    While the timing could shift based on major economies' CBDC releases, being an early mover would bolster SWIFT's global dominance in bank messaging and payments. The firm's existing network spans over 200 countries and 11,500 financial institutions exchanging trillions daily.<\/p>\n\n\n\n

    Looking ahead, CBDC integration is just one aspect of SWIFT's digital asset strategy. Forecasts suggest $16 trillion in tokenized assets like stocks and bonds by 2030. SWIFT's interlink solution could provide banks with a single global connection point for digital asset payments versus countless bilateral links. As CBDCs and asset tokenization accelerate, SWIFT is positioning itself as an interoperable bridge between the traditional and decentralized financial worlds.<\/p>\n","post_title":"SWIFT Eyes Integration Of Central Bank Digital Currencies Worldwide","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"swift-eyes-integration-of-central-bank-digital-currencies-worldwide","to_ping":"","pinged":"","post_modified":"2024-03-28 23:03:46","post_modified_gmt":"2024-03-28 12:03:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16036","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    1 4 5 6 7 8 10

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    ADVERTISEMENT
    \n
  • The price holding above the resistance at $3.6K signals further gains this week.<\/li>\n\n\n\n
  • ETH might pull back near the $3,324 - $3,200 zone if the price fails to sustain above $3.5K support.<\/li>\n<\/ul>\n\n\n\n

    <\/a>Ethereum Technical Analysis \u2013 ETH\/USD Daily Chart<\/h2>\n\n\n\n
    \"\"
    ETH\/USD<\/a> has every possibility to retest the $4K level as long as the price survives above $3.6K. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

    The Ethereum price is now drifting just below $3,700 as the cryptocurrency world awaits the SEC's verdict on whether ETH is a security. However, the price holding above the current resistance at $3,610 indicates it still holds the bullish momentum.<\/p>\n\n\n\n

    On the downside, Ethereum's price may return to $3,200 and regain liquidity before continuing its upward trend. This is heavily reliant on Bitcoin price behavior, as the two coins are strongly correlated: if BTC falls below $70K and shows further weakness, ETH may also experience a correction.<\/p>\n\n\n\n

    However, if bulls drive Ethereum's price over $3,610 and the daily candlestick closes above this level, which corresponds to the 50% Fibonacci level, the bearish outlook may be disproved. In such a circumstance, the altcoin might approach the year-to-date top and the weekly resistance at $4,020, representing a nearly 14% increase from current prices.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Signals To Hold Above $70K This Week, ETH Remains Withing A Rising Trend Channel Targeting $4K","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-signals-to-hold-above-70k-this-week-eth-remains-withing-a-rising-trend-channel-targeting-4k","to_ping":"","pinged":"","post_modified":"2024-03-31 23:28:16","post_modified_gmt":"2024-03-31 12:28:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16152","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16036,"post_author":"18","post_date":"2024-03-28 23:02:48","post_date_gmt":"2024-03-28 12:02:48","post_content":"\n

    The financial messaging giant SWIFT is preparing to launch a new platform within the next 12-24 months to connect central bank digital currencies (CBDCs) to the existing global payments system. This significant move acknowledges the rapid development of CBDCs globally and SWIFT's desire to integrate them seamlessly.<\/p>\n\n\n\n

    Around 90% of the world's central banks are now exploring digital versions of their currencies. While motivations vary, a common driver is avoiding being left behind by cryptocurrencies like Bitcoin. However, technological hurdles remain for full-scale CBDC rollouts.<\/p>\n\n\n\n

    SWIFT's<\/a> upcoming platform aims to ensure interoperability between different countries' CBDCs, even if built on diverse underlying protocols. This interconnectivity would reduce potential payment system fragmentation risks. The platform would also enable CBDCs to be used for complex transactions like international trade settlements and foreign exchange in an automated fashion.<\/p>\n\n\n\n

    See Related:<\/em><\/strong> FTX's Former CEO Sam Bankman Fried To Skip Second Trial<\/a><\/p>\n\n\n\n

    SWIFT's Trial For Product Launch<\/h2>\n\n\n\n

    A recent 6-month trial by SWIFT, which included 38 members such as central banks, commercial banks, and settlement platforms, successfully demonstrated these CBDC integration capabilities using existing banking infrastructure. Nick Kerigan, SWIFT's head of innovation, stated the results were widely viewed as a success, paving the way for an official product launch soon.<\/p>\n\n\n\n

    While the timing could shift based on major economies' CBDC releases, being an early mover would bolster SWIFT's global dominance in bank messaging and payments. The firm's existing network spans over 200 countries and 11,500 financial institutions exchanging trillions daily.<\/p>\n\n\n\n

    Looking ahead, CBDC integration is just one aspect of SWIFT's digital asset strategy. Forecasts suggest $16 trillion in tokenized assets like stocks and bonds by 2030. SWIFT's interlink solution could provide banks with a single global connection point for digital asset payments versus countless bilateral links. As CBDCs and asset tokenization accelerate, SWIFT is positioning itself as an interoperable bridge between the traditional and decentralized financial worlds.<\/p>\n","post_title":"SWIFT Eyes Integration Of Central Bank Digital Currencies Worldwide","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"swift-eyes-integration-of-central-bank-digital-currencies-worldwide","to_ping":"","pinged":"","post_modified":"2024-03-28 23:03:46","post_modified_gmt":"2024-03-28 12:03:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16036","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    1 4 5 6 7 8 10

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    ADVERTISEMENT
    \n
  • Ethereum price keeps consolidating between $3,681 and $3,423 for the last seven days.<\/li>\n\n\n\n
  • The price holding above the resistance at $3.6K signals further gains this week.<\/li>\n\n\n\n
  • ETH might pull back near the $3,324 - $3,200 zone if the price fails to sustain above $3.5K support.<\/li>\n<\/ul>\n\n\n\n

    <\/a>Ethereum Technical Analysis \u2013 ETH\/USD Daily Chart<\/h2>\n\n\n\n
    \"\"
    ETH\/USD<\/a> has every possibility to retest the $4K level as long as the price survives above $3.6K. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

    The Ethereum price is now drifting just below $3,700 as the cryptocurrency world awaits the SEC's verdict on whether ETH is a security. However, the price holding above the current resistance at $3,610 indicates it still holds the bullish momentum.<\/p>\n\n\n\n

    On the downside, Ethereum's price may return to $3,200 and regain liquidity before continuing its upward trend. This is heavily reliant on Bitcoin price behavior, as the two coins are strongly correlated: if BTC falls below $70K and shows further weakness, ETH may also experience a correction.<\/p>\n\n\n\n

    However, if bulls drive Ethereum's price over $3,610 and the daily candlestick closes above this level, which corresponds to the 50% Fibonacci level, the bearish outlook may be disproved. In such a circumstance, the altcoin might approach the year-to-date top and the weekly resistance at $4,020, representing a nearly 14% increase from current prices.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Signals To Hold Above $70K This Week, ETH Remains Withing A Rising Trend Channel Targeting $4K","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-signals-to-hold-above-70k-this-week-eth-remains-withing-a-rising-trend-channel-targeting-4k","to_ping":"","pinged":"","post_modified":"2024-03-31 23:28:16","post_modified_gmt":"2024-03-31 12:28:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16152","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16036,"post_author":"18","post_date":"2024-03-28 23:02:48","post_date_gmt":"2024-03-28 12:02:48","post_content":"\n

    The financial messaging giant SWIFT is preparing to launch a new platform within the next 12-24 months to connect central bank digital currencies (CBDCs) to the existing global payments system. This significant move acknowledges the rapid development of CBDCs globally and SWIFT's desire to integrate them seamlessly.<\/p>\n\n\n\n

    Around 90% of the world's central banks are now exploring digital versions of their currencies. While motivations vary, a common driver is avoiding being left behind by cryptocurrencies like Bitcoin. However, technological hurdles remain for full-scale CBDC rollouts.<\/p>\n\n\n\n

    SWIFT's<\/a> upcoming platform aims to ensure interoperability between different countries' CBDCs, even if built on diverse underlying protocols. This interconnectivity would reduce potential payment system fragmentation risks. The platform would also enable CBDCs to be used for complex transactions like international trade settlements and foreign exchange in an automated fashion.<\/p>\n\n\n\n

    See Related:<\/em><\/strong> FTX's Former CEO Sam Bankman Fried To Skip Second Trial<\/a><\/p>\n\n\n\n

    SWIFT's Trial For Product Launch<\/h2>\n\n\n\n

    A recent 6-month trial by SWIFT, which included 38 members such as central banks, commercial banks, and settlement platforms, successfully demonstrated these CBDC integration capabilities using existing banking infrastructure. Nick Kerigan, SWIFT's head of innovation, stated the results were widely viewed as a success, paving the way for an official product launch soon.<\/p>\n\n\n\n

    While the timing could shift based on major economies' CBDC releases, being an early mover would bolster SWIFT's global dominance in bank messaging and payments. The firm's existing network spans over 200 countries and 11,500 financial institutions exchanging trillions daily.<\/p>\n\n\n\n

    Looking ahead, CBDC integration is just one aspect of SWIFT's digital asset strategy. Forecasts suggest $16 trillion in tokenized assets like stocks and bonds by 2030. SWIFT's interlink solution could provide banks with a single global connection point for digital asset payments versus countless bilateral links. As CBDCs and asset tokenization accelerate, SWIFT is positioning itself as an interoperable bridge between the traditional and decentralized financial worlds.<\/p>\n","post_title":"SWIFT Eyes Integration Of Central Bank Digital Currencies Worldwide","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"swift-eyes-integration-of-central-bank-digital-currencies-worldwide","to_ping":"","pinged":"","post_modified":"2024-03-28 23:03:46","post_modified_gmt":"2024-03-28 12:03:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16036","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    1 4 5 6 7 8 10

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    ADVERTISEMENT
    \n